Iran war fallout raises odds of a U.S. recession, economists say
Economists say the conflict in Iran is making a recession more likely, with higher energy prices hitting consumers and businesses.
Recession
5/7: The Takeout: Jill Schlesinger
CBS News business analyst Jill Schlesinger joins Major Garrett on "The Takeout" to break down the state of U.S. banks and artificial intelligence's role in the economy. She simplifies the Federal Reserve's recent string of interest rate increases and its level of effectiveness. Given inflation and several recent bank failures, Schlesinger also weighs in on whether our current economic woes signal that a recession is near.
European financial system hinging on Greece
The fate of Europe's financial system - and possibly the world's - hinges on Greece and its acceptance of a bailout plan, reports Mark Phillips.
Role of Trump's tariffs in Q3 GDP surge
New government data reveals the U.S. economy saw a major surge in the third quarter of 2025. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the results.
Data: 32,000 private jobs lost in September
The Labor Department was scheduled to release its weekly jobless claims on Thursday, but the agency withheld that report because of the government shutdown. Despite that, the ADP National Employment Report, which looks at the private sector in the U.S., is offering a different glimpse into the job market. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the findings.
Jamieson Greer on tariffs, employment data
"Face the Nation" moderator Margaret Brennan speaks with U.S. Trade Representative Jamieson Greer. More of their interview will air Sunday on "Face the Nation."
Bank of America report on consumer spending
A new report from Bank of America is showing signs of slowing consumer spending with people stocking up in anticipation of President Trump's tariff policies going into effect. David Tinsley, senior economist at the Bank of America Institute, joined CBS News to discuss the report.
Most CEOs aren't expecting a recession anytime soon, survey finds
Business leaders are feeling more optimistic about the U.S. economy despite ongoing uncertainty stemming from tariffs.
2009: Ben Bernanke's greatest challenge
Fed chairman discusses recession, financial rescues and recovery in wide-ranging "60 Minutes" interview.
Jerome Powell: The "60 Minutes" interview
Jerome Powell tells Scott Pelley if the Fed will raise interest rates again, gives his view on whether or not President Trump can fire him and outlines the current risks to the U.S. economy.
Will the Fed raise interest rates again?
Federal Reserve Chairman Jerome Powell shares his outlook on the U.S. economy and tells 60 Minutes whether or not another interest rate hike is on the horizon
Powell says the president can't fire him
Jerome Powell tells "60 Minutes" he fully intends to serve his four-year term.
How the opioid crisis affects the economy
Jerome Powell tells 60 Minutes about the factors that have led the United States to have a lower labor force participation rate than almost every other advanced country
Americans' feelings on economic outlook
Americans' feelings about the economy have improved slightly, but many are still concerned about the state of their finances, according to a new CBS News poll. Anthony Salvanto breaks down the numbers.
Consumer Confidence Index data coming
The upcoming Consumer Confidence Index report may impact Americans during a period of economic uncertainty for many. CBS News contributor Javier David has more on what to expect.
Trump says short-term recession would be "ok"
In a wide-ranging interview on NBC's "Meet the Press" over the weekend, President Trump said a recession, in the short term, would be "ok." CBS News White House reporter Aaron Navarro has more.
Consumer sentiment falls again in March
Consumer sentiment fell more than 8% in March, according to a survey from the University of Michigan, marking the fourth straight decline. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to assess what the figure could say about the state of the economy.
Odds of recession are rising, IMF says
The International Monetary Fund is sounding alarms about slowing economic growth and the potential for a U.S. recession rising. This comes as President Trump walks back comments about Fed Chair Jerome Powell's firing and as his take on a trade deal with China. CBS News contributor Javier David has more.
Economic report predicts slower growth
The International Monetary Fund is predicting slower economic growth this year in the U.S., citing uncertainty over the Trump administration's tariffs and trade policy. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Mar 10: CBS News 24/7, 1pm ET
President Trump hints at more tariffs ahead as concerns grow over possible recession; U.S. tanker collides with a cargo ship off of U.K. coast.
Jamie Dimon says U.S. economy faces "considerable turbulence"
JPMorgan CEO Jamie Dimon warns that tariffs are likely to boost inflation, while urging the Trump administration to strike trade deals.
Wednesday's stock gains mostly erased
Stock markets slumped on Thursday, erasing much of the previous day's gains as investors continue to navigate President Trump's tariff strategy. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Federal Reserve's Neel Kashkari on tariffs
President Trump announced Wednesday that he is raising tariffs on China to 125% and pausing tariffs for several other countries. Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, joins "America Decides" with his take on inflation, tariffs and possible Fed moves.
Are trade deficits bad for the U.S. economy?
The Dow, Nasdaq and S&P 500 closed in negative territory Tuesday as investors continue to reel from President Trump's global tariffs. Martin Baccardax, senior editor and chief markets correspondent at TheStreet, joins "America Decides" to examine how the escalating trade war could impact the global economy and whether trade deficits are inherently bad.
Early morning stock rally fizzles out
A stock market rally fizzled by Tuesday's closing bell, with the Dow Jones wiping out a 1,400-point gain and all three major indexes closing in the red ahead of the midnight deadline for President Trump's sweeping tariffs. CBS News' Kelly O'Grady and Jennifer Jacobs have more.
Man kills 7 of his children and 1 other in Louisiana shooting, police say
The shooter, who is also dead, shot 10 people in total, according to police. All eight who died were children under the age of 14, police said.
Live
Iran may not take part in talks with U.S. representatives in Pakistan Monday
President Trump says he sent a U.S. delegation to Pakistan for another round of peace talks with Iran Monday but Tehran says it doesn't plan to participate.
What it could take for the U.S. to remove highly enriched uranium from Iran
The fate of the Iran war centers on highly enriched uranium, an essential ingredient for nuclear weapons. A post-Soviet-era operation that could inform a U.S. recovery mission in Iran.
How dangerous trucking companies escape their past and get back on the road
As truck traffic increases, government and industry haven't been able to stop thousands of so-called "chameleon carriers," with deadly consequences.
5 wounded in shooting near University of Iowa, including 3 students
Officers from the Iowa City Police Department heard gunfire while responding to a report of a large fight, the department said.
U.K. police probe if Iranian proxies are behind attacks on Jewish sites
U.K. counterterrorism police are investigating a spate of arson attacks against Jewish sites in London.
Former judges speak out on Trump admin's immigration court purges
Following President Trump's promise of mass deportations of undocumented immigrants, more than 200 immigration judges have been fired, forced out or retired, and are being replaced by what are advertised as "deportation judges."
1 dead after small plane crashes into Florida yard
One person was killed after a Cessna plane crashed into the yard of a home near Tampa, Florida, on Sunday morning.
How the dispute between Trump and Pope Leo escalated
President Trump has lobbed insults at Pope Leo XIV in response to his criticisms of the war in Iran, marking an unusually pronounced rupture between the leaders of the world's most powerful country and the world's largest Christian denomination.
U.S.
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Strike on alleged drug boat kills 3 in Caribbean Sea, U.S. military says
The U.S. military said it launched another strike on a boat accused of ferrying drugs in the Caribbean Sea.
Canada's leader describes ties to U.S. as "weaknesses that we must correct"
Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada's strong economic ties to the United States were once a strength but are now a weakness that must be corrected.
Full transcript of "Face the Nation with Margaret Brennan," April 19, 2026
On this "Face the Nation with Margaret Brennan" broadcast, U.N. Ambassador Mike Waltz and former Attorney General Eric Holder join Margaret Brennan.
Mike Waltz says U.S. is "never going to take an approach of trust" with Iran
U.N. Ambassador Mike Waltz said Sunday that the U.S. is "never going to take an approach of trust" with Iran as U.S. officials are set to head to Islamabad for a second round of talks this week.
5 wounded in shooting near University of Iowa, including 3 students
Officers from the Iowa City Police Department heard gunfire while responding to a report of a large fight, the department said.
MoneyWatch
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Judge blocks Nexstar's acquisition of Tegna until antitrust suit resolved
The deal, approved by the FCC, would create a company that owns 265 television stations in 44 states and Washington, D.C.
Airlines cut routes in response to rising jet fuel costs amid Iran war
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
Oil prices plummet after Iran says Strait of Hormuz is "completely open"
Prices dropped after Iran's foreign minister said the Strait of Hormuz is "completely open" for the remainder of the Israel-Lebanon ceasefire.
Here's who is spending money on AI subscriptions, and how much they cost
Households are starting to make room in their budgets for spending on generative AI subscriptions, new data shows.
Ford recalls nearly 1.4 million pickup trucks due to gearshift issue
The recall affects F-150 vehicles quipped with a six-speed automatic transmission produced between March 12, 2014, and Aug. 18, 2017, according to NHTSA.
Politics
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Strike on alleged drug boat kills 3 in Caribbean Sea, U.S. military says
The U.S. military said it launched another strike on a boat accused of ferrying drugs in the Caribbean Sea.
Canada's leader describes ties to U.S. as "weaknesses that we must correct"
Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada's strong economic ties to the United States were once a strength but are now a weakness that must be corrected.
Full transcript of "Face the Nation with Margaret Brennan," April 19, 2026
On this "Face the Nation with Margaret Brennan" broadcast, U.N. Ambassador Mike Waltz and former Attorney General Eric Holder join Margaret Brennan.
Mike Waltz says U.S. is "never going to take an approach of trust" with Iran
U.N. Ambassador Mike Waltz said Sunday that the U.S. is "never going to take an approach of trust" with Iran as U.S. officials are set to head to Islamabad for a second round of talks this week.
Transcript: Former U.S. Attorney General Eric Holder on "Face the Nation with Margaret Brennan," April 19, 2026
The following is the transcript of the interview with Obama administration Attorney General Eric Holder that aired on "Face the Nation with Margaret Brennan" on April 19, 2026.
HealthWatch
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New CDC pick may face "threat to follow ideology over evidence," ex-official says
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
Trump signs executive order to research psychedelics for mental health
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Mom's labor turns into fight for life after 1 symptom: "I think I'm about to die"
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
Dr. Erica Schwartz nominated for CDC director
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
RFK Jr. defends proposed 12% health budget cut, measles response in House testimony
Health Secretary Robert F. Kennedy Jr. testified before the House Ways and Means Committee on Thursday, kicking off an expected sprint of seven budget hearings he'll attend over the next week.
World
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Strike on alleged drug boat kills 3 in Caribbean Sea, U.S. military says
The U.S. military said it launched another strike on a boat accused of ferrying drugs in the Caribbean Sea.
Canada's leader describes ties to U.S. as "weaknesses that we must correct"
Canadian Prime Minister Mark Carney said in a video address released Sunday that Canada's strong economic ties to the United States were once a strength but are now a weakness that must be corrected.
Transcript: Former U.S. Attorney General Eric Holder on "Face the Nation with Margaret Brennan," April 19, 2026
The following is the transcript of the interview with Obama administration Attorney General Eric Holder that aired on "Face the Nation with Margaret Brennan" on April 19, 2026.
Transcript: Amos Hochstein on "Face the Nation with Margaret Brennan," April 19, 2026
The following is the transcript of the interview with Amos Hochstein, Biden administration senior energy adviser and Middle East negotiator, that aired on "Face the Nation with Margaret Brennan" on April 19, 2026.
Transcript: U.N. Ambassador Mike Waltz on "Face the Nation with Margaret Brennan," April 19, 2026
The following is the transcript of the interview with Mike Waltz, U.S. ambassador to the United Nations, that aired on "Face the Nation with Margaret Brennan" on April 19, 2026.
Entertainment
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Entertainment
4/19: Sunday Morning
Hosted by Jane Pauley. Featured: The purge of immigration judges; seeking accountability in trucking accidents; Don Cheadle and Ayo Edebiri on Broadway; portraitist Michael Shane Neal; the legacy of woodworker George Nakashima; an operatic car salesman; and Earth Day stories of advances in sustainability.
A portrait of portraitist Michael Shane Neal
Michael Shane Neal, perhaps America's greatest living portraitist, recently fulfilled a long-held ambition: to paint a living president. He talks with correspondent Martha Teichner about producing a portrait of former President Joe Biden. He also discusses "being in the zone" while painting a portrait; following in the footsteps of famed artists Everett Raymond Kinstler and John Singer Sargent; and becoming a TikTok fashion icon.
"Proof": Don Cheadle and Ayo Edebiri make their Broadway bows
The celebrated actors are both making their Broadway debuts in a revival of David Auburn's Tony- and Pulitzer Prize-winner "Proof," about a brilliant mathematics professor with mental-health issues, and his daughter with issues of her own.
Extended interview: Ayo Edebiri and Don Cheadle
In this web exclusive, actors Ayo Edebiri ("The Bear") and Don Cheadle ("Hotel Rwanda") talk with Tracy Smith about making their Broadway debuts in the revival of "Proof." They also discuss their love of live theater, and the early roles that inspired their passion for acting.
"Proof": Don Cheadle and Ayo Edebiri make their Broadway bows
Celebrated actors Don Cheadle and Ayo Edebiri are both making their Broadway debuts in a revival of David Auburn's Tony- and Pulitzer Prize-winner "Proof," about a brilliant mathematics professor with mental-health issues, and his daughter with issues of her own. Cheadle and Edebiri talk with Tracy Smith about exploring the dynamics of a parent-child relationship, and how their off-stage relationship helps them on-stage.
Technology
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Technology
Cementing a more sustainable alternative to concrete
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
Can Allbirds take flight as an AI company?
The struggling shoe brand Allbirds announced it is exiting the footwear business and re-inventing itself as an artificial intelligence company. Max Darrow has more from San Francisco.
Science
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Science
Cementing a more sustainable alternative to concrete
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Breeding a better bread
Over the past century, the cultivation and processing of wheat has led to strains of grain that are less nutritious, less flavorful, and more vulnerable to climate change. The researchers at Breadlab, at Washington State University, are trying to breed varieties of whole grains that are better for farmers, consumers – and taste buds. David Pogue reports.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy. Correspondent David Pogue examines what Panthalassa's alternative to land-based data centers may mean.
First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Crime
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Crime
5 hurt in shooting near University of Iowa
Five people were injured Sunday in a shooting near the University of Iowa's campus in Iowa City. No arrests have been made yet.
8 kids killed in Louisiana shooting
Eight kids ranging in age from 1 to 14 were killed Sunday morning in a Shreveport, Louisiana, mass shooting. Jason Allen reports.
Police give update on Louisiana mass shooting
Officials in Louisiana held a news conference after 10 people were shot in a domestic disturbance that left eight children dead. Corporal Chris Bordelon of the Shreveport Police Department, Mayor Tom Arceneaux and Chief Wayne Smith provided updates on Sunday afternoon.
5 wounded in shooting near University of Iowa, including 3 students
Officers from the Iowa City Police Department heard gunfire while responding to a report of a large fight, the department said.
Man kills 7 of his children and 1 other in Louisiana shooting, police say
The shooter, who is also dead, shot 10 people in total, according to police. All eight who died were children under the age of 14, police said.
Space
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Blue Origin New Glenn rocket puts satellite payload into wrong orbit
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
Artemis II crew on historic moon mission and what it means for Earth
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
Artemis II astronauts welcomed home to Houston after historic moonshot
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
4/19/2026: Iran's HEU; One Mother's Story; Wild Concerto
First, U.S. eyes Iran's highly enriched uranium. Then, Rachel Goldberg-Polin | 60 Minutes Interview. And, turning recordings of animals into music.
4/19: CBS Weekend News
Eight kids killed in Louisiana shooting; U.S.-Iran ceasefire on shaky ground.
A day with a baby squirrel foster mom
Retired California teaching assistant Angel Barba has been a baby squirrel foster mom for the last seven years. Italy Hod reports.
The struggles of first-time homebuyers
First-time homebuyers make up just 21% of the market, and they face record-high prices, high interest rates and stiff competition from baby boomers. Carter Evans reports.
Latest news on Iran as ceasefire nears end
Charlie D'Agata, Olivia Rinaldi and Lana Zak report on the current state of Iran war, what we know about peace talks and how the conflict is spiking fuel prices here at home.